In the world of IP connected systems, cyber criminals are looking and searching for vulnerabilities so they can steal and exploit data for financial gain. Data breaches of personal data, payment records and health care data are on the increase, as cyber criminals become more intelligent and sophisticated with their approach.
A lot of small businesses and organisations have the ‘it won’t happen to me’ attitude, believing that cyber criminals only target large companies. However, this is not the case, as no one is immune to the threat of a data breach. In fact, a lot of cyber criminals are targeting smaller merchants because the bigger companies have now employed more staff and invested in expensive security solutions. As a result, criminals are going down the path of least resistance, as they know all of the exploits and back doors if adequate security and protection is not in place.
Luckily, this is what Retail Secure is here to help you with. We will ensure that the back doors remain firmly shut, so there is no easy way in for a cyber criminal. Unfortunately, there are many different types of data breaches, all of which can be extremely costly for a business, not only in monetary terms but when it comes to your reputation as well. From targeted attacks to benevolent insiders, the issues vary, but we have the experience, technology and sophisticated products in place to ensure that the chances of a data breach at your business are minimal.
With RetailCompli, our cloud-based management service, you will benefit from a built-in firewall, LAN segregation and other unique features, ensuring that your business is compliant with the PCI DSS. We will get to know your business, devising a security strategy that is most beneficial for you. We will ensure that your Cardholder Data Environment is secure through network segmentation, while you will also benefit from 24x7 monitoring and a support helpline.
This provides your business with the perfect platform for growth, ensuring that security issues or non-compliance fines never hold you back. Get in touch today to discover more about what we can do for you.
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Data breaches seem to be increasing by the day. All you need to do is turn on the news, and it is likely that you will hear about a company that has been breached. And, the worrying thing is that these are only the big companies that have reported their breaches. This doesn’t relate to the smaller companies, or those that have not reported a breach. It is, thus, of little surprise that cyber security is the main priority for most businesses today. And, if it is not a key concern for you, it should be.
We have gathered some statistics that prove you need to take cyber security seriously today. A lot of businesses have the ‘it won’t happen to me’ attitude, but this is the type of attitude that could put the future of your business at risk. The HM Government ‘2015 Information Security Breaches Survey’ makes interesting reading. This survey was conducted by PWC, and it shows the stark truth regarding data breaches. It reveals that 74 per cent of small companies experienced a breach in 2015 while 90 per cent of big corporations suffered the same fate. This represents a 60 per cent increase for small businesses from 2014, and an 81 per cent increase for large companies. The same survey also revealed that the average cost of a large company’s worst breach is between £1.46m and £3.14m, while the figures stand at £75k to £311k for small companies. Moreover, malicious viruses and malware infections are responsible for most attacks, 73 per cent to be precise. What makes matters even worse is that a large proportion of these data breaches could have been prevented.
As mentioned, there are a lot of company owners who do not take the threat of a cyber attack seriously. However, what you need to recognise is that you are a target. It does not matter whether you own a national chain of hotels or a small independent hair salon, you are a target. All businesses have information that hackers want to get their hands on, and if you do not have the necessary network security in place, the cyber criminal will see your business as an easy payday. You also need to recognise that your business needs to achieve PCI compliance. PCI DSS is a set of requirements that have been put in place that all companies that accept payment via card need to follow. It involves taking the necessary steps to protect your customers’ card data. If you fail to do this, you could find yourself facing huge fines. This leads onto the next point; the cost of a data breach is huge. Not only do you have fraud losses to contend with, but also you need to discover the security weakness and address it. You will also face compensation costs, non-compliance fines, and the cost of re-building trust with your customers.
There are some basic steps that you can take to ensure better cyber security at your business. It is important to educate your employees on the threat of data breaches and how they should use data responsibly. This is vital because insider errors are one of the biggest reasons for leaked data. Basic things, such as teaching your employees to use passwords correctly, should be done. Stress the importance of using a password that contains lowercase letters, uppercase letters, numbers, and symbols. Also, remind them to use a different password for all software and applications, and that this should be changed on a regular basis. Aside from this, you need to have a sophisticated firewall in place for end-to-end protection. Not all firewalls are created equally, so choose with care. You should also use two-factor authentication. What this means is using a password and another form of protection. For example, someone may need to input their password, and then also input a code they have been sent to their email address or mobile phone. This ensures it is more difficult for intruders to access a network.
While there are steps that you can and should take yourself, you should also make the most of a cyber security provider. Something as serious as this is best left in the hands of the professionals. If you do not have any experience in network security, you are not going to be able to secure your confidential card information properly. Instead, you need people that have experience and have trained in this area. They will be able to use advanced techniques, such as LAN segregation and the creation of a Cardholder Data Environment (CDE), to protect your company. You also need to choose a company that can guarantee PCI compliance for your business. PCI DSS can be difficult and confusing for those who do not have any experience in this area. The last thing you want to do is leave this to chance, and you certainly cannot simply fill in the PCI Self Assessment Questionnaire with the answers you think they want to hear. If you suffer a breach, and they find out you have lied on the questionnaire, they will come down even harder. Luckily, you don’t have to worry about any of this when choosing Retail Secure.
Retail Secure can help to ensure your business is not the next one on the long list of data breaches. We provide a leading cyber and network security solution. Our cloud-based solution separates payment information and any other confidential data from everything else on your network. This ensures that access is restricted and, therefore, the chance of a breach is reduced. There are also plenty of other features for you to make the most of too, and PCI compliance is guaranteed. Discover more by heading to www.retailsecure.co.uk. There is plenty of information on-site, but if you have any questions, please do not hesitate to get in touch.